Right now, the talk is yields are driving the market lower, however something very extraordinary is happening, when traders(smart money) are scared or need protection or expect downside, VIX futures are bid, however the Short term VIX futures haven't moved up at all. Not normal.
The intraday 1 min of VXX, short term VIX futures. Note they are no higher than yesterday.
Here is the VXX in green vs the SPX with a trendline between yesterday and today, why aren't VIX Futures being bid here? These are usually the clues or messages of the market.
We'll see very soon.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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